News Today

Keen interest to run foreign currency outlets at Terminal 3
DESPITE low profit margins, interest is fairly strong in a tender that will open next month to operate money-changing services at Changi Airport's new Terminal 3.At least four financial institutions are understood to be interested in submitting bids to operate a... [Read more]

Financial world braces itself for massive China fund
BEIJING - CHINA will send ripples through the financial world when it unleashes an investment company with more money under management than any mutual fund in existence, analysts said. The State Foreign Exchange Investment Company, which could be formed within months,... [Read more]

China's foreign direct investment jumps 14%
BEIJING - CHINA'S actual foreign direct investment (FDI) in January was US$5.18 billion (S$8 billion), a jump of 13.9 per cent over a year ago, government figures showed yesterday.Hong Kong, the British Virgin Islands, where many Chinese companies register for tax... [Read more]

News in Headlines
Tao Li and Kendrick not included in exclusive groupSINGAPORE swimmer Tao Li splashed her way to gold in the women's 50 metres butterfly at last month's Asian Games.But, come next year's Beijing Olympics, she is unlikely to make a similar impact,... [Read more]

Federer perfect in 10th Slam win
MELBOURNE - ROGER Federer achieved a perfect 10 at the Australian Open yesterday - and there was not a tear in sight. The champion quelled the challenge of swashbuckling Chilean Fernando Gonzalez 7-6 (7-2), 6-4, 6-4 to lift Grand Slam trophy... [Read more]

Don't use flat type for rebate
SINCE the Government uses Annual Value (AV) and Assessable Income (AI) in other components of the GST offset package, why do the U-Save and service and conservancy charge rebates still use flat type?Perhaps one- and two-room flats can be classified as... [Read more]

India banking on tourism potential of Buddhist heritage
NEW DELHI - IN THE 2,550th year of the Buddha's achievement of nirvana, the land of his birth is awakening to the fact that Buddhism-inspired tourism can be a huge money-spinner for the economy. A record 4.5 million tourists visited India... [Read more]

Sports World
ENGLAND TRIUMPHSYDNEY: England ended a run of nine straight losses to Australia with a 92-run win in a tri-series one-day cricket international yesterday.That kept alive their chances of leap-frogging New Zealand into the best-of-three finals.Ed Joyce belted 107 to help England... [Read more]

No reason for retailers not to accept $100 notes
I REFER to the letter, 'Sorry, $100 notes not accepted' (ST, Feb 1). The Monetary Authority of Singapore (MAS) assures the public that the incidence of counterfeit notes in Singapore is very low.In the recent instance of counterfeit $100 notes, the... [Read more]

It's all in the family in Filipino politics
MANILA - THE coming midterm polls in the Philippines could see candidates from just three families fill a quarter of the Senate. Dynasties are a political reality in most countries, but few - if any - can top the Philippines for... [Read more]

Phones of the future
THESE phones may just make current 3G models obsolete. The phones of the future - showcased at the 3GSM World Congress trade show in Barcelona - are here in today's Digital Life.From Nokia's E90 communicator PDA phone to Motorola's Krzr K3, they... [Read more]